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Execs: Risk managers must address C-suite concerns on captivesRisk managers will be more likely to get executives' support for forming a captive insurer if they present the idea based on the priorities and concerns of the C-suite, two speakers said at an industry event. John Alberici, chairman of a construction firm, said he was persuaded to create a captive after realizing that his firm's margin would benefit if insurance costs were lowered. "So for me it made sense to attack it from that side," he said. Business Insurance (tiered subscription model)
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Fla. lawmakers ready a property insurance overhaulLawmakers intend to reveal a draft of legislation that seeks major changes to Florida's property insurance market. Preparing a proposal that will get the support of the Legislature would be difficult, said David Simmons, chairman of the Senate Banking and Insurance Committee. Democratic lawmakers say they expect to fight any measure that could drive insurance-rate increases. Insurance Journal
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